Tax tip: 2025 IRA deadline
Speakers
Sharon Epperson
— Senior Personal Finance Correspondent
Summary
CNBC's Sharon Epperson explains a 2025 tax tip on IRA contributions. Investors can contribute up to $7,000, or $8,000 if 50 or older, by April 15 and still count the contribution for the 2025 tax year. The limit applies across all IRAs combined. Traditional IRA contributions may be tax-deductible, while Roth IRA contributions are not. No specific securities or market trades are discussed.
- The 2025 IRA contribution deadline is April 15.
- The contribution limit is $7,000, or $8,000 for those 50 and older.
- The limit is the combined total across all IRAs owned.
- Traditional IRA contributions may be tax-deductible.
- Roth IRA contributions are not tax-deductible.
- No specific securities or market trades are discussed.
